Palantir Technologies Files Q2 2024 10-Q
Ticker: PLTR · Form: 10-Q · Filed: Aug 6, 2024 · CIK: 1321655
Sentiment: neutral
Topics: 10-Q, earnings, financials
Related Tickers: PLTR
TL;DR
**PLTR Q2 10-Q FILED** - Financials and ops details out.
AI Summary
Palantir Technologies Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers the second quarter of 2024 and provides financial details for the company. Key financial data and operational information are presented for investors and regulatory bodies.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Palantir Technologies, crucial for understanding the company's trajectory and making informed investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard disclosures, but the specific financial details and forward-looking statements within can reveal significant risks or opportunities.
Key Numbers
- Q2 2024 — Reporting Period (Indicates the specific quarter for which financial results are reported.)
- 12/31 — Fiscal Year End (Specifies the end date of Palantir's fiscal year.)
Key Players & Entities
- Palantir Technologies Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240806 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ending June 30, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on August 6, 2024.
What is Palantir Technologies Inc.'s fiscal year end?
Palantir Technologies Inc.'s fiscal year ends on December 31.
What is the SIC code for Palantir Technologies Inc.?
The Standard Industrial Classification (SIC) code for Palantir Technologies Inc. is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
What is the SEC file number for Palantir Technologies Inc.?
The SEC file number for Palantir Technologies Inc. is 001-39540.
Filing Stats: 4,495 words · 18 min read · ~15 pages · Grade level 16.8 · Accepted 2024-08-05 18:19:46
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 per share PLTR New York Stock Exchange
Filing Documents
- pltr-20240630.htm (10-Q) — 1861KB
- a2024q2exhibit311.htm (EX-31.1) — 12KB
- a2024q2exhibit312.htm (EX-31.2) — 12KB
- a2024q2exhibit321.htm (EX-32.1) — 10KB
- 0001321655-24-000135.txt ( ) — 7858KB
- pltr-20240630.xsd (EX-101.SCH) — 45KB
- pltr-20240630_cal.xml (EX-101.CAL) — 70KB
- pltr-20240630_def.xml (EX-101.DEF) — 274KB
- pltr-20240630_lab.xml (EX-101.LAB) — 633KB
- pltr-20240630_pre.xml (EX-101.PRE) — 445KB
- pltr-20240630_htm.xml (XML) — 1023KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Statements of Equity 6 Condensed Consolidated Statements of Cash Flows 8 Notes to Unaudited Condensed Consolidated Financial Statements 9 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.
Controls and Procedures
Controls and Procedures 37
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 39 Item 1A.
Risk Factors
Risk Factors 39 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 89 Item 3. Defaults Upon Senior Securities 89 Item 4. Mine Safety Disclosures 89 Item 5. Other Information 90 Item 6. Exhibits 91 2 Table of contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) Palantir Technologies Inc. Condensed Consolidated Balance Sheets (in thousands, except per share amounts) (unaudited) As of June 30, 2024 As of December 31, 2023 Assets Current assets: Cash and cash equivalents $ 512,659 $ 831,047 Marketable securities 3,485,800 2,843,132 Accounts receivable, net 659,339 364,784 Prepaid expenses and other current assets 115,712 99,655 Total current assets 4,773,510 4,138,618 Property and equipment, net 43,483 47,758 Operating lease right-of-use assets 213,453 182,863 Other assets 161,434 153,186 Total assets $ 5,191,880 $ 4,522,425 Liabilities and Equity Current liabilities: Accounts payable $ 67,345 $ 12,122 Accrued liabilities 195,489 222,991 Deferred revenue 278,441 246,901 Customer deposits 221,519 209,828 Operating lease liabilities 44,125 54,176 Total current liabilities 806,919 746,018 Deferred revenue, noncurrent 15,649 28,047 Customer deposits, noncurrent 1,527 1,477 Operating lease liabilities, noncurrent 214,334 175,216 Other noncurrent liabilities 15,645 10,702 Total liabilities 1,054,074 961,460 Commitments and Contingencies (Note 7) Stockholders' equity: Common stock, $ 0.001 par value: 20,000,000 Class A shares authorized as of June 30, 2024 and December 31, 2023; 2,140,809 and 2,096,982 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively; 2,700,000 Class B shares authorized as of June 30, 2024 and December 31, 2023; 96,125 and 102,141 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively; and 1,005 Class F shares authorized, issued, and outstanding as of June 30, 2024 and December 31, 2023 2,238 2,200 Additional paid-in capital 9,463,178 9,122,173 Accumulated other comprehensive income (loss), net ( 4,935 ) 801 Accumulated deficit ( 5,409,957 ) ( 5,649,613 ) Total stockholders' equity 4,050,524 3,475,561 Noncontrolling interests 87,282 85,404 Total equity 4,137,806 3,5